Important news for Vietnam stock market

(NLDO)- LSE will support Vietnam in upgrading its stock market, and be the "gateway" connecting Vietnam with many other markets.

On the morning of September 15 (local time), in London, UK, Minister of Finance Nguyen Van Thang and the Ministry of Finance's working delegation had a working session with the London Stock Exchange (LSE).

At the meeting, Minister Nguyen Van Thang highly appreciated the cooperation between LSE and FTSE Russell with the State Securities Commission of Vietnam (SSC) in recent times, and updated the development situation of the Vietnamese economy and stock market.

The Minister expressed his gratitude to LSE, FTSE Russell rating organization, and Ms. Julia Hoggett, Mr. David Sol, and colleagues who have accompanied Vietnam in reforming the market and improving criteria to meet the requirements for upgrading the Vietnamese stock market in the recent past.

Sharing information with Ms. Julia Hoggett, the Minister said that during this working trip, Chairwoman of the State Securities Commission Vu Thi Chan Phuong will also have a direct working session with FTSE Russell to discuss issues of upgrading Vietnam's stock market.

The Ministry of Finance will also organize an Investment Promotion Conference in London on the morning of September 16 to provide investors in the London financial market with the most complete information about the Vietnamese financial market.

Vietnamese leaders at the working session

In addition to general information on the economic situation and the stock market, the Minister said that by the end of August 2025, the total capitalization of the stock market will reach nearly 352 billion USD, equivalent to 79.5% of the estimated GDP in 2024. Market liquidity has increased significantly, with some sessions having transaction values ​​of over 3 billion USD. Since the beginning of the year, the average transaction value per session has reached over 1.1 billion USD per session, among the most active in the ASEAN region.

Ms. Julia Hoggett - General Director, LSE thanked the Minister and the delegation for taking the time to visit and work at the department and receive positive information from the Vietnam Stock Exchange.

Minister Nguyen Van Thang received the LSE symbol as a gift from Ms. Julis Hoggett

Ms. Julia Hoggett shared about LSE's activities and discussed cooperation initiatives in the context of Vietnam actively implementing solutions to upgrade the stock market such as: Cooperation between FTSE Russell and the State Securities Commission to remove obstacles in upgrading criteria; Signing an MOU to cooperate in developing indexes between VNX and FTSE Russell;...

Minister Nguyen Van Thang said that the Vietnamese Government has made focused efforts to implement solutions to meet the upgrading criteria of FTSE Russell. "We have made strong reforms and decisions by synchronously issuing many mechanisms and policies that take effect immediately to create the most favorable conditions for foreign investment capital to participate in the Vietnamese stock market," the Minister said.

Overview of the working session of the Vietnamese delegation with LSE led by Minister Nguyen Van Thang.

The Minister also emphasized the proposal of some cooperation orientations between Vietnam and LSE in the coming time. Accordingly, Vietnam wishes to increase the exchange of experiences in building and perfecting the legal framework, market monitoring mechanism, applying international standards on corporate governance, information disclosure and promoting sustainable growth... Vietnam is also interested in learning experiences in developing new products to diversify products such as green bonds, sustainable bonds...

The Minister also proposed promoting joint investment promotion programs and promotional activities to build and deepen connections between Vietnamese enterprises and international investors, especially in the UK and Europe.

Vietnam wishes to share experiences in training, raising market awareness, enhancing capacity for human resources in finance, securities and applying financial technology (Fintech, AI, Blockchain) to contribute to improving the efficiency of market operations.

The Minister believes that with close cooperation, companionship and support from LSE, the Vietnamese stock market in particular and the Vietnamese financial market in general will increasingly develop strongly, contributing positively to the common prosperity of the two countries, as well as the region and the world.

Ms. Julia Hoggett highly agreed and believed in the development of the Vietnamese stock market. She affirmed that LSE will continue to promote cooperation to support Vietnam in upgrading to emerging market status. She expected that the cooperation between the two sides will have new developments and LSE will be an effective "gateway" for the Vietnamese stock market to connect with many other markets in the world.

Agreeing on the need for continuous reform and innovation, at the end of the meeting, the leaders of both sides agreed to continue to strengthen cooperation in many aspects, thereby supporting the Vietnamese stock market to attract more and more international investment capital, in which Vietnam's effective reform efforts in recent times in upgrading its ranking, recognized by FTSE Russell, also contribute to that goal.

Source: https://nld.com.vn/tin-quan-trong-doi-voi-thi-truong-chung-khoan-viet-nam-196250916092537457.htm